Ashok Leyland, which witnessed a marginal reduction in its exports during Q1 FY24, expects the growth to bounce back by the end of the year on the back of several initiatives the company is taking in the SAARC, Middle East, and African markets. Significantly, a lot will also depend on how the geopolitical situation pans out,… Continue reading Ashok Leyland sees export growth rebounding by year-end, but geopolitics a wild card
Tag: Financial Results
Analysis: Tesla taps Biden tax credits to offset EV price cuts
SEOUL, July 21 (Reuters) – Tesla (TSLA.O) CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. “It does make sense to sacrifice margins in favor of making more vehicles,” Musk said on Wednesday,… Continue reading Analysis: Tesla taps Biden tax credits to offset EV price cuts
AAM to Announce Second Quarter Financial Results on August 4
DETROIT, July 21, 2023 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss second quarter results and other related matters at 10:00 a.m. ET on Friday, August 4. A press release announcing the results will be issued before the market opens on the same day and… Continue reading AAM to Announce Second Quarter Financial Results on August 4
Venture-backed Defense Startup, Second Front Systems, Announces Promotion of Tyler Sweatt to CEO
ARLINGTON, Va., July 21, 2023 /PRNewswire/ — Today Second Front Systems is proud to announce Tyler Sweatt as the company’s new Chief Executive Officer. Mr. Sweatt, a former Army officer, previously drove the company’s notable market traction as VP Growth and Chief Revenue Officer within Second Front. Continue Reading Venture-backed Defense Startup, Second Front Systems,… Continue reading Venture-backed Defense Startup, Second Front Systems, Announces Promotion of Tyler Sweatt to CEO
Autoliv: Financial Report April – June 2023
STOCKHOLM, July 21, 2023 /PRNewswire/ — (NYSE: ALV) (SSE: ALIV.sdb) Q2 2023: Record second quarter sales Financial highlights Q2 2023 $2,635 million net sales 27% net sales increase 27% organic sales increase* 3.6% operating margin 8.0% adjusted operating margin* $0.61 EPS, 32% decrease $1.93 adjusted EPS*, 115% increase Full year 2023 indications Around 15% organic sales… Continue reading Autoliv: Financial Report April – June 2023
Accor accelerates in Japan with agreement to operate 23 properties
ACCOR SIGNS MILESTONE AGREEMENT WITH EBISU RESORT LLC, WITH 23 PROPERTIES SET TO JOIN THE GROUP’S HOTEL NETWORK BY Q2 2024 PARIS, July 21, 2023 /PRNewswire/ — Accor’s presence in Japan is set to double while hotel openings gain momentum throughout the region. With travel and tourism surging once again on a global scale, countries… Continue reading Accor accelerates in Japan with agreement to operate 23 properties
Automotive Seat Market worth $58.4 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2023 /PRNewswire/ — Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period, according to a new report by MarketsandMarkets™. The increasing demand for mid- & full-size SUVs and luxury cars has impacted the automotive seating… Continue reading Automotive Seat Market worth $58.4 billion by 2030 – Exclusive Report by MarketsandMarkets™
Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
Improvements in battery software can allow for a smaller battery without reducing a vehicle’s range LONDON, July 20, 2023 /PRNewswire/ — Advanced Battery Management System (BMS) software could save automakers US$18 billion annually in 2030, equivalent to US$76 billion cumulatively from 2024. New research from global technology intelligence firm ABI Research finds that intelligent BMS software… Continue reading Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
Pennsbury Manor Hosts U.S. Citizen Naturalization Ceremony for 43 Individuals Representing 26 Countries Across the Globe
July 20th Ceremony Held at Erstwhile Home of William Penn, Democratic Visionary and PA Forefather MORRISVILLE, Pa., July 21, 2023 /PRNewswire/ — The historic Pennsbury Manor today announced the naturalization of 43 new U.S. citizens whose countries of origin span the globe. U.S. Judge Cynthia Rufe officiated this session of Federal Court conducted July 20 from… Continue reading Pennsbury Manor Hosts U.S. Citizen Naturalization Ceremony for 43 Individuals Representing 26 Countries Across the Globe
AutoNation Reports Second Quarter 2023 Results
Second Quarter 2023 EPS was $6.02 and Adjusted EPS was $6.29 compared to $6.48 a year ago Second Quarter 2023 Revenue was $6.9 billion, compared to $6.9 billion a year ago Record Second Quarter 2023 After-Sales gross profit of $543 million, an increase of 13% compared to prior year SG&A was 63.1% of Gross Profit… Continue reading AutoNation Reports Second Quarter 2023 Results